Workiva (NYSE:WK – Get Free Report) announced its quarterly earnings data on Thursday. The software maker reported $0.72 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.08), FiscalAI reports. The firm had revenue of $262.96 million for the quarter, compared to analysts’ expectations of $261.37 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share.
Here are the key takeaways from Workiva’s conference call:
- Workiva reported Q3 revenue of $263 million, up 17% year over year, beating the high end of guidance. Non-GAAP operating margin reached 18.3%, expanding 560 basis points year over year.
- Large-customer growth remained strong: contracts above $300,000 annually rose 31%, while those above $500,000 rose 20%. Gross retention was 97%, and multi-solution customers accounted for 77% of subscription revenue.
- The company launched Agent Studio, automated GRC testing, and new regulatory offerings, and highlighted customer wins involving its agentic solutions. Management sees AI as an opportunity to expand the platform’s role in complex, high-stakes reporting and compliance work.
- Management said prior sustainability and foreign-exchange tailwinds have faded, with FX now a modest headwind, contributing to a more measured Q4 outlook. Full-year revenue guidance is $1.041 billion–$1.044 billion, while subscription revenue growth is expected to be approximately 19%.
- Workiva raised its full-year non-GAAP operating margin outlook to 18.2%–18.3%, and continues to expect a free cash flow margin of about 21%. Management said the company remains on track with its 2026 plan and confident in its longer-term targets.
Workiva Price Performance
Shares of WK traded down $12.67 during trading hours on Friday, hitting $72.83. The stock had a trading volume of 2,535,831 shares, compared to its average volume of 860,844. Workiva has a 12 month low of $43.34 and a 12 month high of $95.00. The firm has a market capitalization of $4.09 billion, a PE ratio of 65.03 and a beta of 0.46. The stock has a fifty day moving average price of $75.83 and a 200 day moving average price of $63.07.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on WK
Insiders Place Their Bets
In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.77% of the company’s stock.
Workiva News Roundup
Here are the key news stories impacting Workiva this week:
- Positive Sentiment: Third-quarter revenue rose 17.3% year over year to $262.96 million, topping analysts’ $261.37 million estimate. Quarterly results
- Neutral Sentiment: Coverage highlighted Workiva’s AI expansion, while noting moderating business tailwinds; the available reports do not quantify the potential financial contribution from AI. Q3 deep dive
- Negative Sentiment: Q3 EPS was $0.72, below the roughly $0.79–$0.80 consensus, despite increasing from $0.55 a year earlier. The earnings shortfall is a likely drag on sentiment. Q3 earnings miss
- Negative Sentiment: Workiva’s Q4 EPS outlook of $0.78–$0.80 is below the $0.92 consensus, and its $275 million–$278 million revenue range is just shy of the $278.1 million estimate. Full-year EPS guidance of $2.80–$2.83 also trails the $2.95 consensus, putting the outlook at the center of investor concern. Why shares are falling
Workiva Company Profile
Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.
The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.
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